Rep. Pete Sessions Sells Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Rep. Pete Sessions sold $1,001–$15,000 of PepsiCo stock on October 21 in his ET IRA account, as part of a broader series of recent sales that included Amazon, Disney, McDonald’s, Lowe’s and Berkshire Hathaway.
• PepsiCo reported better-than-expected quarterly results, with EPS of $2.34 and revenue of $25.27 billion, while revenue rose 5.6% year over year. However, analysts maintain a consensus “Hold” rating, with an average price target of $143.28.
• Shares opened at $132.63 and remain well below their 52-week high of $171.48. Investors are focused on PepsiCo’s North American reset amid stagnant demand and elevated costs, while the company’s roughly 4.3% dividend yield and potential operational recovery provide support.

Representative Pete Sessions (Republican-Texas) recently sold shares of PepsiCo, Inc. NASDAQ: PEP. In a filing disclosed on October 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in PepsiCo stock on October 21st. The trade occurred in the Representative's "ET IRA" account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/28/2026.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/27/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 10/27/2026.
• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Solstice Advanced Mat NASDAQ: SOLS on 10/21/2026.
• Sold $0 - $1,000 in shares of Resideo Technologies NYSE: REZI on 10/21/2026.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 10/20/2026.
• Sold $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/15/2026.
• Sold $15,001 - $50,000 in shares of Chevron NYSE: CVX on 10/14/2026.

PepsiCo Stock Performance

Shares of PEP stock opened at $132.63 on Thursday. The company has a market cap of $180.74 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 4.06 and a beta of 0.35. The firm has a 50 day moving average of $133.76 and a 200-day moving average of $145.93. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90. PepsiCo, Inc. has a 52 week low of $123.47 and a 52 week high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The company had revenue of $25.27 billion for the quarter, compared to analysts' expectations of $24.95 billion. During the same period last year, the business earned $2.29 EPS. PepsiCo's quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.39 earnings per share for the current year.

Institutional Investors Weigh In On PepsiCo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intrua Financial LLC lifted its position in shares of PepsiCo by 9.0% in the 3rd quarter. Intrua Financial LLC now owns 8,065 shares of the company's stock worth $1,022,000 after purchasing an additional 669 shares during the period. Greatmark Investment Partners Inc. increased its holdings in shares of PepsiCo by 2.7% during the third quarter. Greatmark Investment Partners Inc. now owns 7,229 shares of the company's stock valued at $916,000 after acquiring an additional 192 shares in the last quarter. Americana Partners LLC lifted its position in PepsiCo by 4.0% during the 3rd quarter. Americana Partners LLC now owns 122,629 shares of the company's stock worth $15,540,000 after acquiring an additional 4,696 shares during the period. Aprio Wealth Management LLC boosted its holdings in shares of PepsiCo by 5.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 14,564 shares of the company's stock valued at $1,846,000 after acquiring an additional 690 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in shares of PepsiCo by 18.7% in the third quarter. Raleigh Capital Management Inc. now owns 18,789 shares of the company's stock worth $2,381,000 after buying an additional 2,959 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of PepsiCo from $159.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, October 2nd. Piper Sandler reduced their price target on PepsiCo from $176.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, October 9th. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $161.00 to $150.00 and set a "sector perform" rating for the company in a report on Tuesday, October 6th. TD Cowen dropped their price target on PepsiCo from $145.00 to $133.00 and set a "hold" rating on the stock in a research report on Monday, September 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $138.00 to $137.00 and set a "neutral" rating on the stock in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $143.28.

Insider Activity at PepsiCo

In related news, CEO Ramon Laguarta sold 30,000 shares of PepsiCo stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $135.13, for a total transaction of $4,053,900.00. Following the completion of the transaction, the chief executive officer directly owned 491,645 shares in the company, valued at approximately $66,435,988.85. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Pohlad purchased 184,646 shares of the firm's stock in a transaction on Wednesday, October 14th. The stock was bought at an average cost of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the acquisition, the director directly owned 433,009 shares of the company's stock, valued at $55,546,394.52. This trade represents a 74.35% increase in their position. The SEC filing for this purchase provides additional information. 0.12% of the stock is currently owned by company insiders.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s discounted valuation and dividend yield of approximately 4.3% could support a recovery. Analysts at Morningstar reportedly see greater upside in PepsiCo than Coca-Cola because of the lower valuation and potential for an operational rebound. Coca-Cola Vs. PepsiCo: Which Beverage Giant Offers Stronger Upside After Q3 Earnings?
• Positive Sentiment: The company is pursuing a North American reset centered on cost reductions, renewed brand investment and portfolio innovation. Successful execution could improve margins and revive growth. Its long-running dividend increases also reinforce PepsiCo’s appeal to defensive-income investors. PepsiCo's North America Reset: Can Cost Cuts Restore Growth?
• Positive Sentiment: Taco Bell is maintaining its relationship with PepsiCo and Mountain Dew, including Baja Blast, preserving an important restaurant-channel partnership. PepsiCo is also working with Grimme on virtual potato-harvesting technology designed to protect quality and reduce waste.
• Neutral Sentiment: Commentary emphasizes that PepsiCo’s brands and staple products tend to remain resilient during economic slowdowns, but dividend reliability and long-term growth prospects vary across beverage companies. Coca-Cola has delivered stronger recent share-price performance despite PepsiCo’s higher yield. 3 Beverage Stocks With Dependable Brands
• Negative Sentiment: North America remains the central problem: stagnant demand, consumer pressure and elevated costs have prompted the reset. An activist investor’s involvement adds pressure for faster operational improvement and could increase uncertainty around strategy. PepsiCo Hasn't Been This Cheap Relative to Earnings
• Negative Sentiment: Reports of an ₹8,000 payout related to a Lay’s packet-weight dispute create a minor legal and reputational overhang, while KFC’s decision to drop Pepsi signals some restaurant-channel weakness.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas' 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas' 17th Congressional District. He won in the general election on November 5, 2024. On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023. Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions' career experience includes working as an executive with AT&T.

PepsiCo Company Profile

PepsiCo, Inc NASDAQ: PEP is a global food and beverage company whose portfolio includes Pepsi-Cola, Mountain Dew, Gatorade, Lay's, Doritos, Cheetos, Quaker, Tostitos, Fritos, and SodaStream. Its products span carbonated soft drinks, sports and energy beverages, bottled water, juices, convenient foods, snacks, and other packaged food offerings.

The company sells products through retail stores, restaurants, food-service providers, e-commerce platforms, and other distribution channels. PepsiCo serves consumers in North America and international markets across Latin America, Europe, Africa, the Middle East, and Asia-Pacific.

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